He gives two examples to argue that Congress' power to coin money means to create it, and not only to strike coin.
Several arguments point to it only meaning striking coin, but a case I have been making for a few years now, is that Congress could issue non-coined money through the necessary and proper clause.
He is right that the power to issue paper money is explicitly denied to the States, and because this power isn't also specifically denied to the States, I argue that Congress has the power to issue non-coined money to pay only for its 18 enumerated powers.
Some say only coined money is constitutional for that purpose, but it's not necessary to pay with coined money, since you could use borrowed paper money, which is constitutional, so similarly, the non-coined money could also be constitutional.
yea, the Jews are demonsrating, the goy are the mindless TV watchers
ReplyDeleteHe gives two examples to argue that Congress' power to coin money means to create it, and not only to strike coin.
ReplyDeleteSeveral arguments point to it only meaning striking coin, but a case I have been making for a few years now, is that Congress could issue non-coined money through the necessary and proper clause.
He is right that the power to issue paper money is explicitly denied to the States, and because this power isn't also specifically denied to the States, I argue that Congress has the power to issue non-coined money to pay only for its 18 enumerated powers.
Some say only coined money is constitutional for that purpose, but it's not necessary to pay with coined money, since you could use borrowed paper money, which is constitutional, so similarly, the non-coined money could also be constitutional.
Corection: isn't also specifically denied to *Congress*
ReplyDelete